243 Chumalia Street, San Leandro, CA 94577
Local realty services provided by:Better Homes and Gardens Real Estate Reliance Partners
243 Chumalia Street,San Leandro, CA 94577
$3,200,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: matthew flaherty
Office: colliers international
MLS#:426114848
Source:CABCREIS
Price summary
- Price:$3,200,000
About this home
Sold together or separately, 225 & 243 Chumalia Street, two individually parceled, contiguous 7-unit buildings totaling 14 units in the heart of the Old San Leandro neighborhood. The property offers exceptional commuter connectivity, with immediate access to multiple bus lines, major transportation corridors, and the San Leandro BART station less than half a mile away - all providing residents seamless access to the greater Bay Area. The properties are further supported by their position within a dense concentration of high-growth industries, including healthcare, innovation infrastructure, and life sciences, among the fastest growing employment clusters in the broader regional ecosystem, complemented by San Leandro's robust and diversified local economy. Underpinned by strong in-place cash flow and over 19% in potential rental upside through natural unit turnover, 225 & 243Chumalia Street represent a compelling value-add opportunity with durable, long-term demand fundamentals. Though San Leandro has recently adopted Ordinance No. 2026- 001, capping annual increases at the lesser of 3% or 65% of CPI effective January 1, 2027, the property offers a rare combination of stable day-one cash flow with a clearly defined path to long-term appreciation, reinforced by robust market fundamentals and durable tenant demand....
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Home facts
- Listing ID #:426114848
- Added:1 day(s) ago
- Updated:March 24, 2026 at 11:45 PM
Structure and exterior
- Lot area:0.34 Acres
Finances and disclosures
- Price:$3,200,000
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